Mr. Brad Brodeur reports

CANAMERA OPTIONS RARE EARTH RIDGE REE-NIOBIUM PROJECT

Canamera Energy Metals Corp. has entered into an option agreement with Nemo Resources Inc., under which Canamera may acquire a 100-per-cent undivided interest in the Rare Earth Ridge rare earth element (REE) and niobium (Nb) project, located in Northwestern Ontario, approximately 172 kilometres north of Hearst, Ont.

The project comprises approximately 7,320 hectares of mineral claims covering two carbonatite intrusions, each approximately six kilometres in diameter. The right to acquire the project adds a fourth potential REE and Nb project in Ontario to Canamera's exploration portfolio.

"Rare Earth Ridge gives us exposure to two large carbonatite systems, a geological setting that hosts many of the world's most significant rare earth element and niobium deposits," commented Canamera chief executive officer Brad Brodeur. "Given the scarcity of mineralized carbonatites globally, we believe this project offers compelling exploration potential and aligns well with our strategy of advancing high-quality critical minerals assets."

Option agreement terms

Under the option agreement, Canamera may acquire a 100-per-cent undivided interest in the project by issuing common shares of Canamera to the owner having the following aggregate deemed values:

• Common shares having an aggregate deemed value of $60,000, to be issued within five business days following receipt of all required regulatory approvals, including approval of the Canadian Securities Exchange (the first issuance date);
• Common shares having an aggregate deemed value of $60,000, on or before the second anniversary of the first issuance date;
• Common shares having an aggregate deemed value of $60,000, on or before the third anniversary of the first issuance date;
• Common shares having an aggregate deemed value of $100,000, on or before the fourth anniversary of the first issuance date.

The number of common shares issued under each instalment are to be calculated using the 10-day volume-weighted average trading price (VWAP) of Canamera's common shares on the CSE (or such other exchange on which the shares are then listed) immediately preceding the date of issuance, subject to applicable stock exchange policies. All shares issued will be subject to applicable statutory hold periods.

Upon completion of all option payments, Canamera will be deemed to have acquired a 100-per-cent undivided interest in and to the project, subject only to a 2.0-per-cent net smelter return royalty reserved to the owner. Canamera has the right, at its sole discretion, to purchase one-half of the NSR royalty (reducing it from 2.0 per cent to 1.0 per cent) by making a one-time cash payment of $2-million to the owner at any time. Canamera will be the operator of the project and is not obligated to incur any minimum exploration expenditures or to exercise the option.

Rare Earth Ridge project

The Rare Earth Ridge project is located in the James Bay Lowlands of Northwestern Ontario, approximately 172 kilometres north of Hearst and centred roughly six kilometres west of the junction of the Albany and Kenogami rivers, and covers approximately 7,400 hectares of mineral claims held under the Mining Act (Ontario). The project is centred on two OGS-mapped (Ontario Geological Survey) carbonatite intrusions, each approximately six kilometres in diameter, representing large potential, district-scale carbonatite systems.

Carbonatites are rare, mantle-derived igneous rocks containing more than 50 per cent carbonate minerals, and they host the highest concentrations of REE of any igneous rock type (Verplanck, Mariano and Mariano, 2016; Rare Earth and Critical Elements in Ore Deposits, Vol. 18, Society of Economic Geologists). They are the world's primary natural source of both Nb and REE: Carbonatite-hosted deposits contain the majority of the world's known Nb reserves (Richardson and Birkett, 1995; Geology of Canadian Mineral Deposit Types, GSC Economic Geology Report 8, Natural Resources Canada), and the Araxa and Catalao (Brazil) and St. Honore (Canada) carbonatites together account for approximately 98 per cent of annual global Nb production, while China's Bayan Obo carbonatite-related deposit supplies roughly 40 per cent of annual global REE production (Yang et al., 2024; National Science Review, 11(4), nwae063; doi:10.1093/nsr/nwae063). The world's largest REE deposits -- Bayan Obo, Mountain Pass (United States), Maoniuping (China) and Mount Weld (Australia) -- are all carbonatite hosted. Despite their economic importance, mineralized carbonatites are scarce: Of more than 500 carbonatites identified around the world, only around 60 host quantified Nb or REE resources (USGS (U.S. Geological Survey) Mineral Resources Program, Carbonatites of the World: Explored Deposits of Nb and REE), underscoring the strategic value of large, mineralized, undrilled carbonatite systems.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Warren Robb, PGeo (British Columbia), vice-president, exploration, of Canamera Energy Metals and a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Robb is not independent of the company within the meaning of NI 43-101.

About Canamera Energy Metals Corp.

Canamera Energy Metals is a critical minerals exploration company building a diversified portfolio of interests in energy metals and REE projects across the Americas, including the Rare Earth Ridge REE/Nb project and options on the Schryburt Lake, Waterslide and Garrow REE and Nb projects in Ontario, the Great Divide Basin uranium project in Wyoming, the Turvolandia and Sao Sepe REE projects in Brazil, and the Mantle project in British Columbia. Across this portfolio, Canamera targets underexplored regions with strong geological signatures and supportive jurisdictions, applying geochemical, geophysical and geological data sets to generate and advance high-conviction, first-mover exploration targets.

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